<div class="xblock xblock-public_view xblock-public_view-vertical" data-block-type="vertical" data-runtime-class="LmsRuntime" data-usage-id="block-v1:MITx+15.480x+3T2021+type@vertical+block@41c190c1084845a480fb20c502b4bf62" data-course-id="course-v1:MITx+15.480x+3T2021" data-has-score="False" data-graded="False" data-runtime-version="1" data-init="VerticalStudentView" data-request-token="08645da0040f11efa56f0afff417eba9">
<h2 class="hd hd-2 unit-title">Real Options Motivation</h2>
<div class="vert-mod">
<div class="vert vert-0" data-id="block-v1:MITx+15.480x+3T2021+type@video+block@dc54071f8a004834b9a0b9c6924a3440">
<div class="xblock xblock-public_view xblock-public_view-video xmodule_display xmodule_VideoBlock" data-block-type="video" data-runtime-class="LmsRuntime" data-usage-id="block-v1:MITx+15.480x+3T2021+type@video+block@dc54071f8a004834b9a0b9c6924a3440" data-course-id="course-v1:MITx+15.480x+3T2021" data-has-score="False" data-graded="False" data-runtime-version="1" data-init="XBlockToXModuleShim" data-request-token="08645da0040f11efa56f0afff417eba9">
<script type="json/xblock-args" class="xblock-json-init-args">
{"xmodule-type": "Video"}
</script>
<h3 class="hd hd-2">Real Options Motivation</h3>
<div
id="video_dc54071f8a004834b9a0b9c6924a3440"
class="video closed"
data-metadata='{"transcriptLanguages": {"en": "English"}, "captionDataDir": null, "autoAdvance": false, "poster": "https://mitx-edx-video-meta-storage.s3.amazonaws.com/media/video-images/80f2711b52e5403896c9421af4d7da36.png?Expires=1714165109&Signature=yWJrHAbSYOxhhjw7k9i%2B4SZLToQ%3D&x-amz-security-token=IQoJb3JpZ2luX2VjEH0aCXVzLWVhc3QtMSJHMEUCIDY4clmPDbLAbz4EM8cpDRsxvMn%2FaBXnnMbltZftAJZwAiEAilJmm45ugoCHRW8m6YY%2Fry%2BsRtAl2apPwFLI8P3cg0sqwwUIxv%2F%2F%2F%2F%2F%2F%2F%2F%2F%2FARADGgw4NTkyMDU2Mzc0MTEiDI8B4EzWTo5P6GCVFSqXBcB77YdBJEx0jQa1mhCdJNIzVKlncJ%2BhpCs4Xp8%2BPkxZkmiUxq4xEb%2BZrnTCQ1wX7Q0MAM3GBLqPkRhsD0LZXV5mP4hiAGsxs15COXtkco9COPwoURMy7LweySSBs49gevI1CeToOhfhgba5EKmoCTFDkz%2BsE6YigWvFnGSz5wtgb4CNpCT%2FNIq8rN1ckpdh2lE9C2bJDRgQfILYgHoLpPyzQcLQwrw%2BYHjuctpDbd%2FP8R9pfWeV1vEpCH%2FBdWtdSGNc5dHfM%2BeBIKawrDK08%2BBlR1yFf7gN0fxZdtQAfX9psuyn0yspNxibnd9KNbPqmljNO2k35A2EDhcc8sye21Z8Se2d0FbkAIjy4Awy0fj8MwTsZVmkavtUxU%2Ftmg3xHhSgcbKuPkDscq50ADOgYI%2BM6Uu4ACsotPtSh%2Fb54zgEK7mQE4brlQn13d3Ti9%2FPGIfRhruJOQ8Y7gkiPFzNyxJxj4QdG%2Be%2BjLElprpikp8xN4E630vZL%2BSP4fIL3SJ2HNVvd3E%2BHiSSwDXkDX%2BvRLJlA%2FTfvxDMI4FFJdjdkf67T7yXpD7VmIUisa7KQbMQD7ul3rWxthH9u09jlCuaIvHb%2FyAoQ6OF16ArfT4BLCL54vJfuSb2NciVqg1AkXwmxMsLl6bE6fnnEkNRalquiZ8Wv2XgSkimSblGzHbba6RJf9KaUsEcxx4zp%2FpuVr9JaZdsR5kdYdHo97o0JCRc%2BqCYXOhPO0fa2oGY8pOgZwF4MbxP%2FirpKzxBmB4hNsnGRCKaQKtKu825RitYGrDYVFqZ5dlPWMgy3MaLvWeUvKnGjCDd8ba%2FzwycPPUsq5jtAcLl8PZZ0lds8M4bBiWnQruhSQMeBIXpR8SavPfhB%2BpKhlWQ0Mos3TD0obCxBjqxAfW53wsAzlieG0vZZliZCUE%2FgvOD9%2BiDN05rfEQ6rZzVYf60L8p%2B%2Bb8EN9S9y%2B2ASBvi9FYDKfMziNImOFH4RyBsUZrbUU%2BNxpFHknpokbZZEHAfa6kKCBhmomscV4kYV0hbNCOM3rGtzT0B2PIokCeE6hAEvFE%2BpqFWOa52CngJff2xGMQbWciTPLSSPbpHPWborWrmHcElDHgQlWANzaxOKUnKYF2Zs04Z505uiyNF%2Fg%3D%3D&AWSAccessKeyId=ASIA4QDFFSUR7DC3PP4B", "publishCompletionUrl": "/courses/course-v1:MITx+15.480x+3T2021/xblock/block-v1:MITx+15.480x+3T2021+type@video+block@dc54071f8a004834b9a0b9c6924a3440/handler/publish_completion", "transcriptLanguage": "en", "showCaptions": "true", "completionEnabled": false, "prioritizeHls": false, "sources": ["https://d2f1egay8yehza.cloudfront.net/MITx15.480x-V010700/MITx15.480x-V010700.m3u8", "https://d2f1egay8yehza.cloudfront.net/MITx15.480x-V010700_DTH.mp4"], "transcriptAvailableTranslationsUrl": "/courses/course-v1:MITx+15.480x+3T2021/xblock/block-v1:MITx+15.480x+3T2021+type@video+block@dc54071f8a004834b9a0b9c6924a3440/handler/transcript/available_translations", "ytApiUrl": "https://www.youtube.com/iframe_api", "autohideHtml5": false, "start": 0.0, "generalSpeed": 1.0, "recordedYoutubeIsAvailable": true, "speed": null, "end": 0.0, "ytMetadataEndpoint": "", "savedVideoPosition": 0.0, "ytTestTimeout": 1500, "autoplay": false, "saveStateUrl": "/courses/course-v1:MITx+15.480x+3T2021/xblock/block-v1:MITx+15.480x+3T2021+type@video+block@dc54071f8a004834b9a0b9c6924a3440/handler/xmodule_handler/save_user_state", "saveStateEnabled": false, "transcriptTranslationUrl": "/courses/course-v1:MITx+15.480x+3T2021/xblock/block-v1:MITx+15.480x+3T2021+type@video+block@dc54071f8a004834b9a0b9c6924a3440/handler/transcript/translation/__lang__", "streams": "", "completionPercentage": 0.95, "duration": 258.24, "lmsRootURL": "https://openlearninglibrary.mit.edu"}'
data-bumper-metadata='null'
data-autoadvance-enabled="False"
data-poster='null'
tabindex="-1"
>
<div class="focus_grabber first"></div>
<div class="tc-wrapper">
<div class="video-wrapper">
<span tabindex="0" class="spinner" aria-hidden="false" aria-label="Loading video player"></span>
<span tabindex="-1" class="btn-play fa fa-youtube-play fa-2x is-hidden" aria-hidden="true" aria-label="Play video"></span>
<div class="video-player-pre"></div>
<div class="video-player">
<div id="dc54071f8a004834b9a0b9c6924a3440"></div>
<h4 class="hd hd-4 video-error is-hidden">No playable video sources found.</h4>
<h4 class="hd hd-4 video-hls-error is-hidden">
Your browser does not support this video format. Try using a different browser.
</h4>
</div>
<div class="video-player-post"></div>
<div class="closed-captions"></div>
<div class="video-controls is-hidden">
<div>
<div class="vcr"><div class="vidtime">0:00 / 0:00</div></div>
<div class="secondary-controls"></div>
</div>
</div>
</div>
</div>
<div class="focus_grabber last"></div>
</div>
</div>
</div>
</div>
</div>
<div class="xblock xblock-public_view xblock-public_view-vertical" data-block-type="vertical" data-runtime-class="LmsRuntime" data-usage-id="block-v1:MITx+15.480x+3T2021+type@vertical+block@a8d7ff0e33bb44959082b343019c51c9" data-course-id="course-v1:MITx+15.480x+3T2021" data-has-score="False" data-graded="False" data-runtime-version="1" data-init="VerticalStudentView" data-request-token="08645da0040f11efa56f0afff417eba9">
<h2 class="hd hd-2 unit-title">Real Options</h2>
<div class="vert-mod">
<div class="vert vert-0" data-id="block-v1:MITx+15.480x+3T2021+type@video+block@8b9969e82428477389936aa04931e614">
<div class="xblock xblock-public_view xblock-public_view-video xmodule_display xmodule_VideoBlock" data-block-type="video" data-runtime-class="LmsRuntime" data-usage-id="block-v1:MITx+15.480x+3T2021+type@video+block@8b9969e82428477389936aa04931e614" data-course-id="course-v1:MITx+15.480x+3T2021" data-has-score="False" data-graded="False" data-runtime-version="1" data-init="XBlockToXModuleShim" data-request-token="08645da0040f11efa56f0afff417eba9">
<script type="json/xblock-args" class="xblock-json-init-args">
{"xmodule-type": "Video"}
</script>
<h3 class="hd hd-2">Real Options</h3>
<div
id="video_8b9969e82428477389936aa04931e614"
class="video closed"
data-metadata='{"transcriptLanguages": {"en": "English"}, "captionDataDir": null, "autoAdvance": false, "poster": "https://mitx-edx-video-meta-storage.s3.amazonaws.com/media/video-images/a3777192a81b4393ae6a620cfd261f5f.png?Expires=1714165109&Signature=%2FHulIipnmgFCLp65guIDm5gfI5s%3D&x-amz-security-token=IQoJb3JpZ2luX2VjEH0aCXVzLWVhc3QtMSJHMEUCIDY4clmPDbLAbz4EM8cpDRsxvMn%2FaBXnnMbltZftAJZwAiEAilJmm45ugoCHRW8m6YY%2Fry%2BsRtAl2apPwFLI8P3cg0sqwwUIxv%2F%2F%2F%2F%2F%2F%2F%2F%2F%2FARADGgw4NTkyMDU2Mzc0MTEiDI8B4EzWTo5P6GCVFSqXBcB77YdBJEx0jQa1mhCdJNIzVKlncJ%2BhpCs4Xp8%2BPkxZkmiUxq4xEb%2BZrnTCQ1wX7Q0MAM3GBLqPkRhsD0LZXV5mP4hiAGsxs15COXtkco9COPwoURMy7LweySSBs49gevI1CeToOhfhgba5EKmoCTFDkz%2BsE6YigWvFnGSz5wtgb4CNpCT%2FNIq8rN1ckpdh2lE9C2bJDRgQfILYgHoLpPyzQcLQwrw%2BYHjuctpDbd%2FP8R9pfWeV1vEpCH%2FBdWtdSGNc5dHfM%2BeBIKawrDK08%2BBlR1yFf7gN0fxZdtQAfX9psuyn0yspNxibnd9KNbPqmljNO2k35A2EDhcc8sye21Z8Se2d0FbkAIjy4Awy0fj8MwTsZVmkavtUxU%2Ftmg3xHhSgcbKuPkDscq50ADOgYI%2BM6Uu4ACsotPtSh%2Fb54zgEK7mQE4brlQn13d3Ti9%2FPGIfRhruJOQ8Y7gkiPFzNyxJxj4QdG%2Be%2BjLElprpikp8xN4E630vZL%2BSP4fIL3SJ2HNVvd3E%2BHiSSwDXkDX%2BvRLJlA%2FTfvxDMI4FFJdjdkf67T7yXpD7VmIUisa7KQbMQD7ul3rWxthH9u09jlCuaIvHb%2FyAoQ6OF16ArfT4BLCL54vJfuSb2NciVqg1AkXwmxMsLl6bE6fnnEkNRalquiZ8Wv2XgSkimSblGzHbba6RJf9KaUsEcxx4zp%2FpuVr9JaZdsR5kdYdHo97o0JCRc%2BqCYXOhPO0fa2oGY8pOgZwF4MbxP%2FirpKzxBmB4hNsnGRCKaQKtKu825RitYGrDYVFqZ5dlPWMgy3MaLvWeUvKnGjCDd8ba%2FzwycPPUsq5jtAcLl8PZZ0lds8M4bBiWnQruhSQMeBIXpR8SavPfhB%2BpKhlWQ0Mos3TD0obCxBjqxAfW53wsAzlieG0vZZliZCUE%2FgvOD9%2BiDN05rfEQ6rZzVYf60L8p%2B%2Bb8EN9S9y%2B2ASBvi9FYDKfMziNImOFH4RyBsUZrbUU%2BNxpFHknpokbZZEHAfa6kKCBhmomscV4kYV0hbNCOM3rGtzT0B2PIokCeE6hAEvFE%2BpqFWOa52CngJff2xGMQbWciTPLSSPbpHPWborWrmHcElDHgQlWANzaxOKUnKYF2Zs04Z505uiyNF%2Fg%3D%3D&AWSAccessKeyId=ASIA4QDFFSUR7DC3PP4B", "publishCompletionUrl": "/courses/course-v1:MITx+15.480x+3T2021/xblock/block-v1:MITx+15.480x+3T2021+type@video+block@8b9969e82428477389936aa04931e614/handler/publish_completion", "transcriptLanguage": "en", "showCaptions": "true", "completionEnabled": false, "prioritizeHls": false, "sources": ["https://d2f1egay8yehza.cloudfront.net/MITx15.480x-V011900/MITx15.480x-V011900.m3u8", "https://d2f1egay8yehza.cloudfront.net/MITx15.480x-V011900_DTH.mp4"], "transcriptAvailableTranslationsUrl": "/courses/course-v1:MITx+15.480x+3T2021/xblock/block-v1:MITx+15.480x+3T2021+type@video+block@8b9969e82428477389936aa04931e614/handler/transcript/available_translations", "ytApiUrl": "https://www.youtube.com/iframe_api", "autohideHtml5": false, "start": 0.0, "generalSpeed": 1.0, "recordedYoutubeIsAvailable": true, "speed": null, "end": 0.0, "ytMetadataEndpoint": "", "savedVideoPosition": 0.0, "ytTestTimeout": 1500, "autoplay": false, "saveStateUrl": "/courses/course-v1:MITx+15.480x+3T2021/xblock/block-v1:MITx+15.480x+3T2021+type@video+block@8b9969e82428477389936aa04931e614/handler/xmodule_handler/save_user_state", "saveStateEnabled": false, "transcriptTranslationUrl": "/courses/course-v1:MITx+15.480x+3T2021/xblock/block-v1:MITx+15.480x+3T2021+type@video+block@8b9969e82428477389936aa04931e614/handler/transcript/translation/__lang__", "streams": "", "completionPercentage": 0.95, "duration": 906.99, "lmsRootURL": "https://openlearninglibrary.mit.edu"}'
data-bumper-metadata='null'
data-autoadvance-enabled="False"
data-poster='null'
tabindex="-1"
>
<div class="focus_grabber first"></div>
<div class="tc-wrapper">
<div class="video-wrapper">
<span tabindex="0" class="spinner" aria-hidden="false" aria-label="Loading video player"></span>
<span tabindex="-1" class="btn-play fa fa-youtube-play fa-2x is-hidden" aria-hidden="true" aria-label="Play video"></span>
<div class="video-player-pre"></div>
<div class="video-player">
<div id="8b9969e82428477389936aa04931e614"></div>
<h4 class="hd hd-4 video-error is-hidden">No playable video sources found.</h4>
<h4 class="hd hd-4 video-hls-error is-hidden">
Your browser does not support this video format. Try using a different browser.
</h4>
</div>
<div class="video-player-post"></div>
<div class="closed-captions"></div>
<div class="video-controls is-hidden">
<div>
<div class="vcr"><div class="vidtime">0:00 / 0:00</div></div>
<div class="secondary-controls"></div>
</div>
</div>
</div>
</div>
<div class="focus_grabber last"></div>
</div>
</div>
</div>
</div>
</div>
<div class="xblock xblock-public_view xblock-public_view-vertical" data-block-type="vertical" data-runtime-class="LmsRuntime" data-usage-id="block-v1:MITx+15.480x+3T2021+type@vertical+block@07b1f317291c4161ab1eecc81588ffee" data-course-id="course-v1:MITx+15.480x+3T2021" data-has-score="False" data-graded="False" data-runtime-version="1" data-init="VerticalStudentView" data-request-token="08645da0040f11efa56f0afff417eba9">
<h2 class="hd hd-2 unit-title">Decision Trees</h2>
<div class="vert-mod">
<div class="vert vert-0" data-id="block-v1:MITx+15.480x+3T2021+type@video+block@0ba9a0448d9f4178b9f6e1636a491984">
<div class="xblock xblock-public_view xblock-public_view-video xmodule_display xmodule_VideoBlock" data-block-type="video" data-runtime-class="LmsRuntime" data-usage-id="block-v1:MITx+15.480x+3T2021+type@video+block@0ba9a0448d9f4178b9f6e1636a491984" data-course-id="course-v1:MITx+15.480x+3T2021" data-has-score="False" data-graded="False" data-runtime-version="1" data-init="XBlockToXModuleShim" data-request-token="08645da0040f11efa56f0afff417eba9">
<script type="json/xblock-args" class="xblock-json-init-args">
{"xmodule-type": "Video"}
</script>
<h3 class="hd hd-2">Decision Trees</h3>
<div
id="video_0ba9a0448d9f4178b9f6e1636a491984"
class="video closed"
data-metadata='{"transcriptLanguages": {"en": "English"}, "captionDataDir": null, "autoAdvance": false, "poster": null, "publishCompletionUrl": "/courses/course-v1:MITx+15.480x+3T2021/xblock/block-v1:MITx+15.480x+3T2021+type@video+block@0ba9a0448d9f4178b9f6e1636a491984/handler/publish_completion", "transcriptLanguage": "en", "showCaptions": "true", "completionEnabled": false, "prioritizeHls": false, "sources": ["https://d2f1egay8yehza.cloudfront.net/MITx15.482x-V007700_DTH.mp4", "https://d2f1egay8yehza.cloudfront.net/MITx15.482x-V007700/MITx15.482x-V007700.m3u8"], "transcriptAvailableTranslationsUrl": "/courses/course-v1:MITx+15.480x+3T2021/xblock/block-v1:MITx+15.480x+3T2021+type@video+block@0ba9a0448d9f4178b9f6e1636a491984/handler/transcript/available_translations", "ytApiUrl": "https://www.youtube.com/iframe_api", "autohideHtml5": false, "start": 0.0, "generalSpeed": 1.0, "recordedYoutubeIsAvailable": true, "speed": null, "end": 0.0, "ytMetadataEndpoint": "", "savedVideoPosition": 0.0, "ytTestTimeout": 1500, "autoplay": false, "saveStateUrl": "/courses/course-v1:MITx+15.480x+3T2021/xblock/block-v1:MITx+15.480x+3T2021+type@video+block@0ba9a0448d9f4178b9f6e1636a491984/handler/xmodule_handler/save_user_state", "saveStateEnabled": false, "transcriptTranslationUrl": "/courses/course-v1:MITx+15.480x+3T2021/xblock/block-v1:MITx+15.480x+3T2021+type@video+block@0ba9a0448d9f4178b9f6e1636a491984/handler/transcript/translation/__lang__", "streams": "", "completionPercentage": 0.95, "duration": 677.79, "lmsRootURL": "https://openlearninglibrary.mit.edu"}'
data-bumper-metadata='null'
data-autoadvance-enabled="False"
data-poster='null'
tabindex="-1"
>
<div class="focus_grabber first"></div>
<div class="tc-wrapper">
<div class="video-wrapper">
<span tabindex="0" class="spinner" aria-hidden="false" aria-label="Loading video player"></span>
<span tabindex="-1" class="btn-play fa fa-youtube-play fa-2x is-hidden" aria-hidden="true" aria-label="Play video"></span>
<div class="video-player-pre"></div>
<div class="video-player">
<div id="0ba9a0448d9f4178b9f6e1636a491984"></div>
<h4 class="hd hd-4 video-error is-hidden">No playable video sources found.</h4>
<h4 class="hd hd-4 video-hls-error is-hidden">
Your browser does not support this video format. Try using a different browser.
</h4>
</div>
<div class="video-player-post"></div>
<div class="closed-captions"></div>
<div class="video-controls is-hidden">
<div>
<div class="vcr"><div class="vidtime">0:00 / 0:00</div></div>
<div class="secondary-controls"></div>
</div>
</div>
</div>
</div>
<div class="focus_grabber last"></div>
</div>
</div>
</div>
<div class="vert vert-1" data-id="block-v1:MITx+15.480x+3T2021+type@html+block@22e840286f3e4e1d8d7d870e7da44a96">
<div class="xblock xblock-public_view xblock-public_view-html xmodule_display xmodule_HtmlBlock" data-block-type="html" data-runtime-class="LmsRuntime" data-usage-id="block-v1:MITx+15.480x+3T2021+type@html+block@22e840286f3e4e1d8d7d870e7da44a96" data-course-id="course-v1:MITx+15.480x+3T2021" data-has-score="False" data-graded="False" data-runtime-version="1" data-init="XBlockToXModuleShim" data-request-token="08645da0040f11efa56f0afff417eba9">
<script type="json/xblock-args" class="xblock-json-init-args">
{"xmodule-type": "HTMLModule"}
</script>
<p>On slide 39, there is a small typo: the POS for Phase 2 should be 60% instead of 40%.</p>
</div>
</div>
</div>
</div>
<div class="xblock xblock-public_view xblock-public_view-vertical" data-block-type="vertical" data-runtime-class="LmsRuntime" data-usage-id="block-v1:MITx+15.480x+3T2021+type@vertical+block@907c3aab277645fcb24cbeb2418466d9" data-course-id="course-v1:MITx+15.480x+3T2021" data-has-score="False" data-graded="False" data-runtime-version="1" data-init="VerticalStudentView" data-request-token="08645da0040f11efa56f0afff417eba9">
<h2 class="hd hd-2 unit-title">Q&A: Decision Trees</h2>
<div class="vert-mod">
<div class="vert vert-0" data-id="block-v1:MITx+15.480x+3T2021+type@video+block@4f70493845f94b9c94b1c8b8aa889a07">
<div class="xblock xblock-public_view xblock-public_view-video xmodule_display xmodule_VideoBlock" data-block-type="video" data-runtime-class="LmsRuntime" data-usage-id="block-v1:MITx+15.480x+3T2021+type@video+block@4f70493845f94b9c94b1c8b8aa889a07" data-course-id="course-v1:MITx+15.480x+3T2021" data-has-score="False" data-graded="False" data-runtime-version="1" data-init="XBlockToXModuleShim" data-request-token="08645da0040f11efa56f0afff417eba9">
<script type="json/xblock-args" class="xblock-json-init-args">
{"xmodule-type": "Video"}
</script>
<h3 class="hd hd-2">Q&A: Decision Trees</h3>
<div
id="video_4f70493845f94b9c94b1c8b8aa889a07"
class="video closed"
data-metadata='{"transcriptLanguages": {"en": "English"}, "captionDataDir": null, "autoAdvance": false, "poster": "https://mitx-edx-video-meta-storage.s3.amazonaws.com/media/video-images/07070b40245f4a6b9943b2c6dad60283.png?Expires=1714165109&Signature=8Rk50itp1c4S7jBJH%2FBIKBh02PU%3D&x-amz-security-token=IQoJb3JpZ2luX2VjEH0aCXVzLWVhc3QtMSJHMEUCIDY4clmPDbLAbz4EM8cpDRsxvMn%2FaBXnnMbltZftAJZwAiEAilJmm45ugoCHRW8m6YY%2Fry%2BsRtAl2apPwFLI8P3cg0sqwwUIxv%2F%2F%2F%2F%2F%2F%2F%2F%2F%2FARADGgw4NTkyMDU2Mzc0MTEiDI8B4EzWTo5P6GCVFSqXBcB77YdBJEx0jQa1mhCdJNIzVKlncJ%2BhpCs4Xp8%2BPkxZkmiUxq4xEb%2BZrnTCQ1wX7Q0MAM3GBLqPkRhsD0LZXV5mP4hiAGsxs15COXtkco9COPwoURMy7LweySSBs49gevI1CeToOhfhgba5EKmoCTFDkz%2BsE6YigWvFnGSz5wtgb4CNpCT%2FNIq8rN1ckpdh2lE9C2bJDRgQfILYgHoLpPyzQcLQwrw%2BYHjuctpDbd%2FP8R9pfWeV1vEpCH%2FBdWtdSGNc5dHfM%2BeBIKawrDK08%2BBlR1yFf7gN0fxZdtQAfX9psuyn0yspNxibnd9KNbPqmljNO2k35A2EDhcc8sye21Z8Se2d0FbkAIjy4Awy0fj8MwTsZVmkavtUxU%2Ftmg3xHhSgcbKuPkDscq50ADOgYI%2BM6Uu4ACsotPtSh%2Fb54zgEK7mQE4brlQn13d3Ti9%2FPGIfRhruJOQ8Y7gkiPFzNyxJxj4QdG%2Be%2BjLElprpikp8xN4E630vZL%2BSP4fIL3SJ2HNVvd3E%2BHiSSwDXkDX%2BvRLJlA%2FTfvxDMI4FFJdjdkf67T7yXpD7VmIUisa7KQbMQD7ul3rWxthH9u09jlCuaIvHb%2FyAoQ6OF16ArfT4BLCL54vJfuSb2NciVqg1AkXwmxMsLl6bE6fnnEkNRalquiZ8Wv2XgSkimSblGzHbba6RJf9KaUsEcxx4zp%2FpuVr9JaZdsR5kdYdHo97o0JCRc%2BqCYXOhPO0fa2oGY8pOgZwF4MbxP%2FirpKzxBmB4hNsnGRCKaQKtKu825RitYGrDYVFqZ5dlPWMgy3MaLvWeUvKnGjCDd8ba%2FzwycPPUsq5jtAcLl8PZZ0lds8M4bBiWnQruhSQMeBIXpR8SavPfhB%2BpKhlWQ0Mos3TD0obCxBjqxAfW53wsAzlieG0vZZliZCUE%2FgvOD9%2BiDN05rfEQ6rZzVYf60L8p%2B%2Bb8EN9S9y%2B2ASBvi9FYDKfMziNImOFH4RyBsUZrbUU%2BNxpFHknpokbZZEHAfa6kKCBhmomscV4kYV0hbNCOM3rGtzT0B2PIokCeE6hAEvFE%2BpqFWOa52CngJff2xGMQbWciTPLSSPbpHPWborWrmHcElDHgQlWANzaxOKUnKYF2Zs04Z505uiyNF%2Fg%3D%3D&AWSAccessKeyId=ASIA4QDFFSUR7DC3PP4B", "publishCompletionUrl": "/courses/course-v1:MITx+15.480x+3T2021/xblock/block-v1:MITx+15.480x+3T2021+type@video+block@4f70493845f94b9c94b1c8b8aa889a07/handler/publish_completion", "transcriptLanguage": "en", "showCaptions": "true", "completionEnabled": false, "prioritizeHls": false, "sources": ["https://d2f1egay8yehza.cloudfront.net/MITx15.480x-V011100/MITx15.480x-V011100.m3u8", "https://d2f1egay8yehza.cloudfront.net/MITx15.480x-V011100_DTH.mp4"], "transcriptAvailableTranslationsUrl": "/courses/course-v1:MITx+15.480x+3T2021/xblock/block-v1:MITx+15.480x+3T2021+type@video+block@4f70493845f94b9c94b1c8b8aa889a07/handler/transcript/available_translations", "ytApiUrl": "https://www.youtube.com/iframe_api", "autohideHtml5": false, "start": 0.0, "generalSpeed": 1.0, "recordedYoutubeIsAvailable": true, "speed": null, "end": 0.0, "ytMetadataEndpoint": "", "savedVideoPosition": 0.0, "ytTestTimeout": 1500, "autoplay": false, "saveStateUrl": "/courses/course-v1:MITx+15.480x+3T2021/xblock/block-v1:MITx+15.480x+3T2021+type@video+block@4f70493845f94b9c94b1c8b8aa889a07/handler/xmodule_handler/save_user_state", "saveStateEnabled": false, "transcriptTranslationUrl": "/courses/course-v1:MITx+15.480x+3T2021/xblock/block-v1:MITx+15.480x+3T2021+type@video+block@4f70493845f94b9c94b1c8b8aa889a07/handler/transcript/translation/__lang__", "streams": "", "completionPercentage": 0.95, "duration": 158.06, "lmsRootURL": "https://openlearninglibrary.mit.edu"}'
data-bumper-metadata='null'
data-autoadvance-enabled="False"
data-poster='null'
tabindex="-1"
>
<div class="focus_grabber first"></div>
<div class="tc-wrapper">
<div class="video-wrapper">
<span tabindex="0" class="spinner" aria-hidden="false" aria-label="Loading video player"></span>
<span tabindex="-1" class="btn-play fa fa-youtube-play fa-2x is-hidden" aria-hidden="true" aria-label="Play video"></span>
<div class="video-player-pre"></div>
<div class="video-player">
<div id="4f70493845f94b9c94b1c8b8aa889a07"></div>
<h4 class="hd hd-4 video-error is-hidden">No playable video sources found.</h4>
<h4 class="hd hd-4 video-hls-error is-hidden">
Your browser does not support this video format. Try using a different browser.
</h4>
</div>
<div class="video-player-post"></div>
<div class="closed-captions"></div>
<div class="video-controls is-hidden">
<div>
<div class="vcr"><div class="vidtime">0:00 / 0:00</div></div>
<div class="secondary-controls"></div>
</div>
</div>
</div>
</div>
<div class="focus_grabber last"></div>
</div>
</div>
</div>
</div>
</div>
<div class="xblock xblock-public_view xblock-public_view-vertical" data-block-type="vertical" data-runtime-class="LmsRuntime" data-usage-id="block-v1:MITx+15.480x+3T2021+type@vertical+block@a4f87e6e0fd343a588ce506c7333e80c" data-course-id="course-v1:MITx+15.480x+3T2021" data-has-score="False" data-graded="False" data-runtime-version="1" data-init="VerticalStudentView" data-request-token="08645da0040f11efa56f0afff417eba9">
<h2 class="hd hd-2 unit-title">Exercise: Decision Trees</h2>
<div class="vert-mod">
<div class="vert vert-0" data-id="block-v1:MITx+15.480x+3T2021+type@problem+block@9d144b3c948d456995a70325ce717dd9">
<div class="xblock xblock-public_view xblock-public_view-problem xmodule_display xmodule_ProblemBlock" data-block-type="problem" data-runtime-class="LmsRuntime" data-usage-id="block-v1:MITx+15.480x+3T2021+type@problem+block@9d144b3c948d456995a70325ce717dd9" data-course-id="course-v1:MITx+15.480x+3T2021" data-has-score="True" data-graded="False" data-runtime-version="1" data-init="XBlockToXModuleShim" data-request-token="08645da0040f11efa56f0afff417eba9">
<script type="json/xblock-args" class="xblock-json-init-args">
{"xmodule-type": "Problem"}
</script>
<div id="problem_9d144b3c948d456995a70325ce717dd9" class="problems-wrapper" role="group"
aria-labelledby="9d144b3c948d456995a70325ce717dd9-problem-title"
data-problem-id="block-v1:MITx+15.480x+3T2021+type@problem+block@9d144b3c948d456995a70325ce717dd9" data-url="/courses/course-v1:MITx+15.480x+3T2021/xblock/block-v1:MITx+15.480x+3T2021+type@problem+block@9d144b3c948d456995a70325ce717dd9/handler/xmodule_handler"
data-problem-score="0"
data-problem-total-possible="1"
data-attempts-used="0"
data-content="
<h3 class="hd hd-3 problem-header" id="9d144b3c948d456995a70325ce717dd9-problem-title" aria-describedby="block-v1:MITx+15.480x+3T2021+type@problem+block@9d144b3c948d456995a70325ce717dd9-problem-progress" tabindex="-1">
Exercise: Decision Trees
</h3>
<div class="problem-progress" id="block-v1:MITx+15.480x+3T2021+type@problem+block@9d144b3c948d456995a70325ce717dd9-problem-progress"></div>
<div class="problem">
<div>
<span>
<p>
In practice, decision trees are used more frequently than option pricing theory to value biomedical projects. Therefore, let's revisit a previous exercise, but this time in the context of decision trees.</p>
<p>Imagine you are the CFO of ABC Pharmaceuticals, and you have just financed a Phase 3 clinical trial for a new migraine medication at a cost of $200 million. If the trial is successful, the market launch for the new therapy would cost $100 million, and would occur at the end of the clinical trial in 3 years. In addition, the present value of future commercialization profits at the moment of product launch is expected to be $650 million. The annualized cost of capital for the Phase 3 stage of the project is 12% per year. If the probability of success of the trial is 60%, then what is the project's rNPV? (Note: Your answer should be expressed in units of millions of dollars.)</p>
<p>
<p style="display:inline">$</p>
<div class="inline" tabindex="-1" aria-label="Question 1" role="group"><div id="inputtype_9d144b3c948d456995a70325ce717dd9_2_1" class=" capa_inputtype inline textline">
<div class="unanswered inline">
<input type="text" name="input_9d144b3c948d456995a70325ce717dd9_2_1" id="input_9d144b3c948d456995a70325ce717dd9_2_1" aria-describedby="status_9d144b3c948d456995a70325ce717dd9_2_1" value=""/>
<span class="trailing_text" id="trailing_text_9d144b3c948d456995a70325ce717dd9_2_1"/>
<span class="status unanswered" id="status_9d144b3c948d456995a70325ce717dd9_2_1" data-tooltip="Not yet answered.">
<span class="sr">unanswered</span><span class="status-icon" aria-hidden="true"/>
</span>
<p id="answer_9d144b3c948d456995a70325ce717dd9_2_1" class="answer"/>
</div>
</div></div>
<p style="display:inline">million</p>
</p>
<p>
<div class="solution-span">
<span id="solution_9d144b3c948d456995a70325ce717dd9_solution_1"/>
</div></p>
</span>
</div>
<div class="action">
<input type="hidden" name="problem_id" value="Exercise: Decision Trees" />
<div class="submit-attempt-container">
<button type="button" class="submit btn-brand" data-submitting="Submitting" data-value="Submit" data-should-enable-submit-button="True" aria-describedby="submission_feedback_9d144b3c948d456995a70325ce717dd9" >
<span class="submit-label">Submit</span>
</button>
<div class="submission-feedback" id="submission_feedback_9d144b3c948d456995a70325ce717dd9">
<span class="sr">Some problems have options such as save, reset, hints, or show answer. These options follow the Submit button.</span>
</div>
</div>
<div class="problem-action-buttons-wrapper">
<span class="problem-action-button-wrapper">
<button type="button" class="show problem-action-btn btn-default btn-small" aria-describedby="9d144b3c948d456995a70325ce717dd9-problem-title"><span class="icon fa fa-info-circle" aria-hidden="true"></span><span class="show-label">Show Answer</span></button>
</span>
</div>
</div>
<div class="notification warning notification-gentle-alert
is-hidden"
tabindex="-1">
<span class="icon fa fa-exclamation-circle" aria-hidden="true"></span>
<span class="notification-message" aria-describedby="9d144b3c948d456995a70325ce717dd9-problem-title">
</span>
<div class="notification-btn-wrapper">
<button type="button" class="btn btn-default btn-small notification-btn review-btn sr">Review</button>
</div>
</div>
<div class="notification warning notification-save
is-hidden"
tabindex="-1">
<span class="icon fa fa-save" aria-hidden="true"></span>
<span class="notification-message" aria-describedby="9d144b3c948d456995a70325ce717dd9-problem-title">None
</span>
<div class="notification-btn-wrapper">
<button type="button" class="btn btn-default btn-small notification-btn review-btn sr">Review</button>
</div>
</div>
<div class="notification general notification-show-answer
is-hidden"
tabindex="-1">
<span class="icon fa fa-info-circle" aria-hidden="true"></span>
<span class="notification-message" aria-describedby="9d144b3c948d456995a70325ce717dd9-problem-title">Answers are displayed within the problem
</span>
<div class="notification-btn-wrapper">
<button type="button" class="btn btn-default btn-small notification-btn review-btn sr">Review</button>
</div>
</div>
</div>
"
data-graded="False">
<p class="loading-spinner">
<i class="fa fa-spinner fa-pulse fa-2x fa-fw"></i>
<span class="sr">Loading…</span>
</p>
</div>
</div>
</div>
</div>
</div>
© All Rights Reserved